Litecoin (LTC) price rose to near $92 on Monday as a spiking Bitcoin (BTC) sent altcoins vertical. Top coins ETH, BNB and SOL broke above $3,500, $590 and $190 respectively as BTC raced to highs above $69,700 for the first time since March 15.
As the market looks to cheer the upward flip, investors are setting up for potentially explosive moves in the next few months with Bitbot (BITBOT).
Bitcoin surges to above $70k
The crypto market began the new week on a winning note as Bitcoin spiked to above $70k to hit its highest level in nearly two weeks.
BTC price traded to around $70,075 on Coinbase and $70,117 on Binance on Monday. The surge took the bellwethwer crypto beyond the 2021 peak. Although prices may hit resistance above the $70k mark, bulls are eyeing further impetus.
Today's gains comes despite Grayscale’s GBTC continuing to see outflows. Analysts are thus upbeat about Bitcoin price.
A break above $70k could give buyers the nudge needed to cross above the all-time high above $73k. Bitcoin's halving could be a huge tailwind.
This outlook would be a catalyst for an altcoin spike, with meme coins among those to explode as has happened in recent months.
Is Litecoin (LTC) primed for extended gains above $100?
Litecoin (LTC) has declined since the glory days when it ranked among the top 10 cryptocurrencies by market cap.
The proof-of-work (PoW) blockchain’s native token not seeing an notable momentum since hitting its all-time high of $410 in May 2021. However, there new optimism among investors after crypto exchange Coinbase recently revealed plans to launch LTC Futures trading.
Bitcoin’s upcoming halving is also seen as a potential catalyst for LTC price. Currently, the cryptocurrency trades around $91, up 2% in 24 hours and 11% this past week.
The key target for LTC is the $100 level, which bulls have reached four times in the past year. The last break to this psychological level occurred in mid-March this year, when Litecoin reached highs of $106.
While Litecoin does not look so bullish across various time frames, if buyers breach $100, they could target June 2023 highs and potentially $200 in coming months.
Bitbot token gets investor attention
Bitbot is a new Telegram trading bot set to hit the market in the second quarter of 2024. Before then, the native token BITBOT is in presale.
Market anticipation has helped accelerate the presale in recent weeks, with investors allocating over $1.38 million in early BITBOT bets. What’s driving this interest?
The game-changer for Bitbot is the Telegram bot’s design that offers the world’s first non-custodial Telegram bot.
Crypto traders eyeing the potential gains in the trading market are focused on Bitbot for the main reason that they can trade in a secure environment while retaining full control of their assets.
Simply, it’s “your keys, your wallet, your assets.”
Other perks available with Bitbot include an array of AI powered trading tools, a passive income stream via a revenue-sharing mechanism and added protection with anti-MEV and anti-rug features.
The BITBOT presale currently offers a potentially great entry point, with stage 7 price at just $0.0134. Bitbot’s presale will run to stage 15 and see token’s value rise to $0.02 before they hit exchanges.
Get more information about Bitbot presale on the project’s website.
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